Iraqi Dinar Guru opinions 8-19-15
Iraqi Dinar Guru opinions 8-19-15
8-19-2015 Newshound/Intel Guru BGG Article quote: “…the mini-financial committee set up by Parliament to follow up on money laundering in the central bank file or transfer large sums of money out of the country accuse Maliki of being behind it.” Stunning news…Maliki was involved in the largest money laundering operation in Iraq…they actually pinned the Money Laundering / Embezzlement directly from the CBI ON HIM!!
8-19-2015 Newshound Guru Kaperoni Article: “Jubouri: The second package of reforms will contain a lot of detailed important decisions” We can see now that these various committees are being formed to present to the PM reforms. And the second package appears to begin to including banking reforms..specifically mentioned here “guarantee deposits.” This brings me to the committee that met yesterday discussing the currency… We could be seeing the beginning of many steps to improve the economy, strengthen the banking system and improve the value of the currency. It will be interesting to watch these packages of reforms over the next several weeks and how they are implemented.
8-19-2015 Newshound Guru Millionday ABADI HAS POSTPONED HIS CHINA VISIT TO ACTIVATE REFORMS…THE TRIP TO CHINA…WAS TO BE IN THE MIDDLE OF REFORM ACTIVATION… RIGHT NOW ALL THAT IS IMPORTANT TO ABADI IS TERRORISM AND THE ACTIVATION OF THE REFORMS. THE GOAL IS THE FIRST OF THE MONTH…SEPT 1ST ACCORDING TO REPORT…FOR THE REFORMS TO BE ESTABLISHED… HE DID NOT SPECIFY JUST SOME REFORMS — IMO — HE IS STATING ALL REFORMS AS THEY [THE REFORMS] WORK TOGETHER.
8-19-2015 Intel/Newshound Guru tman23 Actually what we are seeing is not at all surprising… June was the end of the road…and we are witnessing the change of dynamics in warp speed…There is a time limit and it is Oct 1st… But there are a host of world events tied into this timeline …which are quite coincidental if you believe in such! …there are so many documents that were set with this date from different resources.
8-18-2015 Newshound Guru wmawhite Well, well ,well…now the U.S. News and World Report is reporting the same thing:..”US News & World Report – Iraqi selling intl bonds and redominating currency…Reacting to the crisis, Iraq plans to issues bonds worth $7 billion — $5 billion in international bonds… Iraq also revived a long-delayed plan to redenominate the Iraqi dinar by knocking three zeroes off the nominal value of its banknotes, said Ihsan Shamran al-Yassiri, the head of Iraq Central Bank Issuing and Vaults Department” the significance is that the IQD will be on the bond market. The bond market is twice the size of all of the world’s stock markets combined. when the IQD is on the bond market the individual bonds are able to move freely. This is the first step of the IQD reentering the world currency markets. Exciting and nice news.
8-18-2015 Newshound Guru wmawhite […will those bonds be in Dinar…or USD? the international ones?] The article…reports in IQD. [is redenominate the same thing as a LOP?] No…Understanding this, …a LOP would be going in the opposite direction. Try to understand when a country LOP it is under huge inflation and the currency is losing value daily. Iraq has very little inflation and even the biggest critic will admit that the value of the IQD is much greater than 1166.
8-18-2015 Intel Guru Frank26 The Monetary Reform remains in front of us. It is our opinion that Dr. S [Shabibi] will be returning but we just don’t know when. Again, IOO (In Our Opinion) the reforms will need an RI to start them. From the article earlier today, “Let it Float”….this will put things in the hands of the international world and with this will come a faster rise in the rate…IOO. With the actions being taken by PM Abadi in the form of his reforms expect to see the removal of many things, people, policies, laws, etc. he will make sure that nothing stands in the way of his reforms as we move forward.
8-18-2015 Intel/Newshound Guru tman23 The new currency must come first as a prelude to the deletion of the 3 zeros from the currency… This is the biggest statement ever made yet so often overlooked! If they are speaking of new lower denoms, then they would need a rate other then 1166…and if they come first, then the 3 zero notes will carry high value before removing the 3 zeros at the exchange window…what is the time limit…72 hrs…7 days…who knows…but it is possible! The other scenario is seeing a 50,000 note come in October…if that hits the streets then it is not looking good no matter how anyone tries to spin it… Make no mistake…the world is on the edge of financial disasters… it is real and live! There are 33 consulates now opened in Erbil… All these countries are lining up at the feeding trough…IMO it is bigger then Iraq…something BIG is being prepared… and TIME IS A FACTOR!
8-18-2015 Newshound My Ladies Aritcle quote: “Iraq hired banks for its first international bond issue in almost a decade, seeking $6 billion to help plug a widening fiscal deficit.” Quote: “The country plans to meet with international investors as soon as next month, said two people familiar with the program, asking not to be identified because the talks are private.” WE HAVE CONFIRMATION FOR NEXT MONTH FOR THE SALE…THIS IS PROMISING.
8-18-2015 Newshound Guru Kaperoni Article quote: “Iraqi Center for Development and Media systems and in coordination with the Office of the Prime Minister workshop economic entitled (to float the Iraqi dinar and its impact on the economy)… discussed the workshop the importance of the advancement of the Iraqi economic reality and its impact on the Iraqi citizen, where participants put forward many ideas and perceptions that the Iraqi government included in the economic reform plan, including the issue of the float of the Iraqi dinar…” it’s not new…its the decision that was made a few years back over the previous plan (which may have been a LOP) and to go to a more gradual appreciation as stated in the 2013 Article IV Consultation. This panel may just be reviewing the conditions, circumstances, etc to see if the timing is appropriate for the CBI to act. Who knows, but the discussion is good anyway you look at it.